Tuesday, 15 June 2010

Production In Europe Increased In April

Indicators from Eurostat tell us that in April 2010 industrial production in the euro area was up by 0.8% and by 0.5% in the EU27 compared with March 2010. Other monthly comparisons include the production of capital goods which increased by 1.1% in the euro area and 0.7% in the EU27. Durable consumer goods fell by 0.1% in the euro area but increased by 0.4% in the EU27. Non-durables fell by 1.2% and 1.6%. Intermediate goods grew by 2.2% and 2.7% respectively but energy fell by 0.9% and 0.2%. Industrial production rose in 12 and fell in 9 of the countries for which data is available. The highest increases were in Lithuania with 6%, Estonia 2.4% and Denmark with 2.2%. Ireland registered the biggest decrease with 10.9%, Portugal's production fell by 4.4% and Greece by 3.4%.

Annual comparisons suggest that in April 2010 compared with April 2009 industrial production increased by 9.5% in the euro area and 7.8% in the EU27. Intermediate goods made the biggest contribution with growth of 16% in the euro area and 14.1% in the EU27. Capital goods increased by 8.9% in the euro area and 7.9% in the EU27. Energy production rose by 6.9% and 5% respectively. Production of non-durable consumer goods went up by 3% in the euro area and 1.1% in the EU27 and of durables by 1.4% and 4.1% respectively. On a national level industrial production rose in 18 of the member states for which data is available. The highest increases were in Estonia (18.3%), the Netherlands (14.7%) and Germany (13.9%). The only states in which industrial production fell were Greece (-6.4%), Ireland (-2.8%) and Bulgaria (-2.6%).

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